Professional tax

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This query is : Resolved

Rajashekar Tadem (Querist)

09 May 2012 We have two Pvt.Ltd. companies which have registered with ROC of Hyderabad. We have not registered with A.P. Commercial Tax for VAT,CST and Professional Tax. We do not have VAT and CST sales. Our registered office at Madhapur, Hyderabad.
We have started our operations very recently and deducted PT from our employee’s salary ( only 5 Nos) for the month of April, 2012. We have the following queries. Please clarify this queries:
1. When should we deposit this deducted PT?
2. What is the Professional Tax registration process in A.P.?
3. To where I have to submit our PT application?
4. What are the documents we need to submit?
5. What is the Registration Fee?
We have 5 Directors but only 2 are involving in business operations remaining all are silent directors. Hence, do we need to pay Rs.2500/- on each directors?

CA Vibhash Kumar Sah

CA Vibhash Kumar Sah (Expert)

09 May 2012 For PT registration, u need to submit form II. The form will be submitted to concerned Commercial Taxes Officer (CTO) Circle ( your circle is Madhapur Circle) along with MCA Registration Cert.,MOA & AOA, lease ageerment etc.
you need to pay professional taxes for all directors plus for company also.Department will collect the tax amount along with the application of Registration.
For any other assistance, I can be contacted @ vibhash_sah@yahoo.co.in/vibhashkumar.sah@kbl.co.in

rgds,
Vibhash Sah (Hyderabad)

Rajashekar Tadem

Rajashekar Tadem (Querist)

09 May 2012 Thanks Vibhash,

Two directors are also taking salary every month. So we deduct PT from their salary. If we pay PT for each director at the time of PT registration, do we need to deduct again PT from the directors salary to whom we are paying salary every month.

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